coinables
United Rentals has put in a buy signal for a potential bounce for 4-10%
TESLA TSLA Short and long term moving average spreads have only been this far apart from each other (to the bearish side) on Nov 25 2013 and Feb 12 2016. Both dates, in hindsight would have been excellent buying opportunities. I'm watching closely.
Just watching for now, nearest structure level is nearly 20% above today's closing price. Need to see a recovery first.
SQ is setting up for a bounce opportunity of 6% after a recently oversold and over-extended below MAs. Return to the mean and structure levels allow a target in the $69 range.
Humana has been selling off since late 2018. Based on the daily timeframe we are now well over-extended below the moving averages and exiting oversold RSI. A recent bounce can allow for us to return to the previous structure levels, the nearest being ~270 area (9-10%).
Long term patterns re-appearing from last bear, to accumulation, to bull cycle. We are at "Set" in the "Ready, Set, Go" timeline.
Don't get too excited still likely a year or two more before we see new all time highs.
AAPL setting up for a bounce to return to the mean. Previous levels based on price structure allow for a bounce target of 7% around $165 per share which also aligns with the longer term moving average.
Bitcoin is well oversold on the daily chart and potentially setting up for a 20-30% return to the mean bounce.
BABA is currently extended below the moving averages and recovering from an oversold moment. Stock is still in a strong down trend, so be careful, but typically it bounces well after coming out of oversold.
IMGN is potentially bouncing from recently being oversold territory and extended below short and longer moving averages. Target is at ~9.78 (8% above current prices) based on previous structure.
Diplomat Pharmacy is stabilizing after being heavily oversold and below MAs. A bounce from this area would allow for 10% targets around $22 per share based off price structure.
Activision ATVI is currently well oversold and over-extended below the MAs. Activision has been a strong growth stock, a return to the mean allows for conservative targets between 3-7% above current prices.
Typically I am not very big on diagonal trend-lines, but historically each time Bitcoin has broke the larger time-frame downward trend line after a big rally it has marked the end of the bear market. If you look at where we are on the 50 and 200 period moving averages on this 3 day chart you will see we are closer to repeating 2012-13 instead of 2014-15. In 2013...
Bitcoin had a nice bounce breaking many previous levels with no problem. Next level of resistance is at 7840. The daily closed above the downward trend line, just barely but still closed above. Not really sure what to expect next so I'm just dollar cost averaging with weekly buys, however I don't think we've seen the last of the bears.
Honda Motor Company is currently oversold and below the short and longer term moving averages. We appear to be forming a 'w' bottom, and earnings call is about 2 weeks away. Targets based on prior price structure allow for 5-!0% targets.
STZ is setting up for a potential return to the mean 4% higher than current prices. Constellation Brands has been range trading all of 2018. A return to the higher end of the range ~230s would be a 7% move from here. Slower moving stock, probably up to 2 weeks before making it to 4% target.
Nabors Industries NBR was oversold, yet is starting to turn back around. If this bounce carries through targets are 7% higher from here at 7.13 based on prior structure.